Vendor Returns

Hi All,

Can some one help to understand the below scenario. And also tell me through which T ocde its possible and what will be the accounting entries.

If we receive product in, the vendor will bill us for the product received, say EUR 1,500. If we need to send some back, EUR 100, what transaction occurs in the system? The inventory will be credited by EUR 100 and does the debit hit GRIR? We may not receive a debit memo from the vendor to offset the invoice originally received so AP will end up paying EUR 1,500.

Regards,

Kiran

Edited by: kiran choube on Jun 26, 2009 11:34 PM